U.S. demand for Ethanol may contribute to an international food crisis in the near future!
Increased demand for crop-based fuels is forcing up the price of corn, wheat, and other grains. The need of alternative energy sources is putting pressure on food prices throughout the world and unleashing a unique source of inflationary pressure.
Global grain supplies are at their lowest level in over three decades. While current demand for grains for food is at an all time high and growing.
Most experts fear the situation will get worse if more crops are set aside to make ethanol or other forms of alternative energy.
Traditionally, U.S. corn crops have been the reliable source when other food sources were in short supply. That is no longer the case!
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1 comment:
I haven't heard anything good about switching to Ethanol yet!
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